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New Delhi [India], Feb. 2 : Aiming to enhance quality and improve efficiency of the Engineering Education System, a Financing Agreement for IDA credit of USD 201.50 Million was signed with World Bank for the 'Third Technical Education Quality Improvement Programme' (TEQIP III) on Wednesday.

The Agreement was signed by Raj Kumar, Joint Secretary, Department of Economic Affairs, on behalf of the Government of India and Junaid Kamal Ahmad, Country Director, World Bank (India) on behalf of World Bank.

The objective of the agreement is to improve the Engineering Education sector in Uttarakhand, Himachal Pradesh, Bihar, Uttar Pradesh, Madhya Pradesh, Chhattisgarh and Rajasthan, along with eight North Eastern States and Andaman and Nicobar Islands.

New Delhi [India], Feb. 2 : Seclore, the leader in Information Rights Management (IRM), announced the launch of Seclore IRMaaS for SOLIDWORKS software, which enables the protection of Dassault Systemes SOLIDWORKS files by Seclore's persistent, granular, file-level security controls.

Usage controls travel with the data, such as drawings, parts and assemblies, to facilitate secure collaboration across business units and with third-party entities.

Powered by Dassault Systemes 3DEXPERIENCE platform, SOLIDWORKS helps innovators design, validate, collaborate, build and manage their product development processes with integrated applications. Seclore's IRMaaS for SOLIDWORKS helps organisations secure their sensitive data regardless of how or where it travels.

New Delhi [India], Feb. 2 : Aiming to provide further incentives to the National Pension System (NPS) subscribers, new provisions were introduced in the Finance Bill 2017 in Parliament on Thursday.

The existing provision of Section 10 (12A)of the Income Tax Act, 1961, provides that payment from NPS to a subscriber on closure of his account or opting out shall be exempt up to 40 percent of total corpus at the time of withdrawal .

The amount utilised for purchase of annuity is also tax exempt. At the time of normal exit, 40 percent of the total corpus is mandatorily required to be purchased for annuity. The subscriber has the option to use higher amount for purchase of annuity.

New Delhi [India], Feb. 2 : JGC Corporation and NEC Corporation announced their cooperation in the provision of data analysis services for plant operations using AI (Artificial Intelligence) and IoT (Internet of Things) technologies.

The cooperation, which the two companies agreed to in a memorandum concluded in November 2016, involves joint development of systems that detect signs of abnormalities in plant operations and provide related services for plants serving the oil refinement, chemical, LNG (liquefied natural gas) and gas, power, resource development, and other fields.

New Delhi [India], Feb. 2 : After the announcement of the General Budget 2017-18, Prashant Solomon, Managing Director, Chintels India Pvt Ltd and Treasurer, CREDAI NCR said that the initiatives suggested will surely be integral to the growth of real estate in the country, as well as end its isolation.

"Apart from affordable housing being granted infrastructure status, the sizes of what is considered as affordable housing has been taken as 30 sq. mt and 60 sq. mt carpet area as against the super area which was there before, " said Solomon.

New Delhi [India], Feb. 2 : Kenny Ye, GM-Overseas Business, Alibaba Mobile Business Group lauded the Finance Minister Arun Jaitley for this year's General Budget, saying that it is a 'Budget for the masses'.

Speaking on the digital front, Ye appreciated Jaitley's initiative towards digitisation and and expansion of the Bharat Net project, which will ensure high-speed broadband to 1.5lac gram panchayats via Wi-Fi.

"With increasing smartphone penetration and push for high-speed broadband connectivity in rural areas, a massive digital revolution is imminent in India," Ye added.

Ajay Laddha, Co-Founder, YMS Mobitech Pvt. Ltd shared similar views on encouraging cashless transactions.